Commercial News

Auckland Star, Volume LXXIV, Issue 82, 7 April 1943, Page 5

Commercial News

ON 'CHANGE B.H.P. SHARES IN DEMAND An improved demand in various sections was again evident on the Auckland Stock Exchange to-day. Broken Hill Proprietaries changed hands at £2 1/9, a gain of 9d m less than a week, with more sought at that price. New Zealand Farmers Fertilisers were also firmer than a month ago. Huddart Parkers had keener inquiry, bids rising to £2 8/9, comparing with a market at £2 8/ last week. Banks and insurances were quiet, but there was some dealing in 3 per cent Liberty Loan at another rise. SALES COMPLETED At the 3 p.m. call yesterday:—Bank N.Z., £2 0/8; Rotoiti Timber. 4/6 (3/6); Colonial Sugar £55 10/ (£55 5/); Waihi Investments, 4/6, Liberty Loan, 15/5/53-56 3 p.c. £99 5/; Liberty Loan, 15/5/48, Z»,i p.c. £98 10/ (£98); War Loan, 1/8/46, 2'A p.c, £98 10/ (£9B 5/). At the 9.45 a.m. call to-day:—Dominion Breweries,' £1 14/ (2): Broken Hill Proprietary. £2 1/9 (£2 1/3); N.Z. Fanners' Fertilizer, £1 0/6 (£1); Liberty Loan. 15/5/53-56 3 p.c £99 5/; Auckland Gas (perp. deb.). 314 p.c, £87 "»/• At the 11.45 a.m. call to-day:—Commercial Bank Australia, 16/3; Farmers' Trading £1 1/8, M.K. Manufacturers, 6/9; Liberty Loan, 15/5/53-56, 3 p.c. £99 7/6 (£99 5/). Last sale price »n parentheses where changed. LATEST QUOTATIONS Buyers Sellers Commercial Bank Australia . 16/1 ■ .. 16/6 Comml. Bk. Australia (pf.) 10/2/6 .. 10/10/0 National Bank N.Z 2/10/6 .. — Bank New South Wales 32/0/0 .. 32/15/0 Bank New Zealand 2/0/6 .. 2/0/9 Union Bank Australia — •• 7 { 14 /° National Insurance 1/1/6 •• I { 2 ',^ New Zealand Insurance 3/18/0 .. 3/18/9 South British Insurance 3/8/0 .. 3/9/0 Goldsbrough Mort 1/7/6 .. N.Z. <& River Plate 15/6 .. — N. Auck. Fmrs (A pf.) 18/6 .. 1/2/6 Wright Stephenson (ord.) .. 1/1/0 .. — Wright Stephenson (pref.) .. 1/1/3 .. — Renown Coal (ord.) 9/9 -• — Renown Coal (pref.) 2/11-.. — Auckland Gas 1/0 ■■ '/° Huddart Parker (ord.) 2/8/0 .. 2/10/0 Union Steam (pref.) 1/9/6 .. — Manawatu Knitting Mills .. 1/10/0 .. — Oamaru Woollen 1/4/0 .. — Wellington Woollen (pf.) .- 8/2/6 .. — Dominion Breweries (ord.) .. 1/14/0 .. 1/14/9 New Zealand Breweries — •- 1/17/9 Alloys Steel (N.Z.) 1/17/0 ... — Anthony Hordern — • • 18 /° Berlei (N.Z.) 3/9/0 .. — Booth Macdonald (pref.) 7/9 .. — Broken Hill Proprietary 2/1/9 .. 2/2/0 Bycroft 2/8/6 .. — Colonial Sugar 55/0/0 .. 56/0/0 Donaghys Rope 2/16/0 .. — Electrolytic Zinc (pref.) 2/15/0 .. 2/17/6 Farmers' Trading 1/1/0 -. 1/1/10 G. J. Coles 2/15/9 .. 2/16/9 1.C.1. (A. & N.Z.) (pref.) . 1/4/9 .. 1/5/6 Macky Logan 1/8/6 .. 1/9/6 Masonite Corp 1/10/0 .. — Moturoa Oil 2/0 .. 3/3 Auckland Laundry 13/6 .. 16/0 N.Z. Farmers' Fertilizer 1/0/3 .. l/l/o N.Z. Being, (paid) : 1/3/6 .. — Peters Ice Cream (N.Z.) 19/0 .. — Reid Rubber 1/6/9 .. 1/7/0 Sanford (pref.) 18/9 •• 19/9 Wairakei 4/3 .. 5/6Wilsons Cement 17/9 . ■ 18/2 Woolworlhs (N.Z.) — ■■ 15/9 Woolworths (Sydney) 15/10 .. 16/2 Woolworths (West Aust.) -. 2/14/0 .. — W. R. Carpenter .'... 1/14/0 .. — Martha Mines 9/9 • • — Waihi Investments 4/3 .. 4/10 Bulolo 2/8/0 .. — New Broken Hill 16/6 ■• — New Occidental 11/0 •• 13/0 War Loans: 1/10/53 94/10/0 .. 94/15/0 15/9/52-55, 3 p.c 98/5/0 .. 99/0/0 Inscribed Stock: 15/1/56-59, 31 p.c 101/10/0 .-.102/10/0 15/1/53-57, 3V 2 P.C 103/10/0 .. — 15/4/46-49, i p.c 103/15/0 .. 104/5/0 SOUTHERN EXCHANGES Wellington, this day.—Wilsons Cement, 18/2 (3). Reported: Rotoiti Timber. 4/6; Broken Hill Proprietary, £2 1/3, £2 1/6; Liberty Loan. 1953-56, 3 p c £99 5/. (2); Commercial Bank Aust., 16/3, N.Z. Refrigerating (paid), £1 4/. Christchurch, this day.—N.Z. Paper Mills, £1 ' 17/9; Slab Hut, 5/. Reported: Dominion Breweries (lato yesterday), £1 14/. Dunedtn, this day.—Reported: Stock, 1946-49, 4 ' p.c, £104 2/6; 1957-60. 3i p.c, £101 2/6. £101: ■ Felt and Textiles, £2 3/.

SYDNEY TRANSACTIONS

SYDNEY, April 6. Trading on the Stock Exchange to-day embraced a wider range of shares than usual, but the volume of business was not great. Sales included: Burns, Philp. 54/: Dunlop Rubber. 21/: Tooth's, 56/; Broken Hill Pty., 40/: Kuala Kainpar, 9/6; Rawang, 5/; Mount Morgan, 10/3.

N.Z. THEATRES DIVIDEND

New Zealand Theatres, Limited, have declared a final dividend on A preference shares of 2 per cent, making 4 per cent for the year, and on B preference shares of 3 per cent making 6 per cent for the year, payable immediately. The rates are unchanged.

YARRA FALLS OPERATIONS

Yarra Falls, Limited, reports that during the six months ended December 31 last business was confined to making defence and standard civilian goods at relatively lower margins ot profit. The labour question was steadily growing more acute, and since January had been rapidly getting worse, which would probably still further affect the value of turnover. The directors felt in the[Circumstances, that it would be unwise at this stage of the year's operations to declare an interim dividend in excess of Ud per share, equivalent to s"i per cent. For the corresponding .term last year 1/ per share, 5 per cent, was paid.

MYER EMPORIUM

Directors of Myer Emporium, Ltd.. Melbourne in an interim report, state that trading for six months ended January 31 resulted in a decrease In turnover compared with the corresponding period o£ last year. In spite of the considerable savings effected in expenses, net Profit also decreased. Manpower difficulties, rationing, and limitation of supplies may still further reduce turnover in the ensuing period of the financial year. Although stocks at January 31 were higher than at the corresponding date last year, the problem of future supplies is presenting increasing difficulty. Directors have declared Interim ord. dividend of 2>4 per cent (unchanged) for the half-year, payable April 10.

AUSTRALIAN CURRANTS

Seventh period licenses to import currants and raisins from Australia will be granted for amounts equivalent to the amounts of licenses granted for imports of similar goods from the same source in 1942, announced the Customs Department, Auckland, to-day.

EXCHANGE RATES

Following are the latest rates for purchases aed sales of foreign exchanges, quoted by the BanK of New South Wales, Auckland. They are subject to alteration without notice:— Buying Seliing New York dollar ...... 3.2542 3.2050 Montreal, dollar .;.:.::.. 3 6039 3.5290 India and Ceylon, rupee . 223-16 22-U London, £N.Z.. £stg., 100 124 7 6 tetraßa, £A, £N.Z., 100 100 10 0 100 0 0 Fili £F. £N.Z.. 100 .. 90 0 0 88 12 6 S.Afrlc£.£N.Z.7£SA, 100 123 0 0 125 2 6

SHAREMARKET INDICES

London: Financial Times (1926 equals 100).— Govt. Rails Indus. Gold M-orrln a 113.S 67.3 121.6 149.9 IS 26 /:':"::":::: m « £S S3 New York: Dow Jones (1926 equals 100):— Rails Indus. Turnover 1942 High 29.28 119.71 — 1942 LOW 23.31 92.92 — March 10 31.89 129.16 1,731,000 March 26 30.06 133.96 2,143,000 April 5 .... 35.91 136.44 2,648,000

MINING RETURNS

Alexander (West Coast). —March returns, 38oz, valued at £290, from 120 tons: In addition, 2 l / 2 tons concentrates valued at £60. Okarito (West Coast).—Boz, 71 hours, 2726yd5. Austral-New Zealand (Otago).—Fortnight ended April 3, 4120z, 237 hours.